On the 1st of July 2012 an organisation purchased a vehicle for company use. The price was $60,000 and has a useful life of six years. It was depreciated using the straight line method and the vehicle was traded in for its book value on the 30th of June 2016. Complete the calculations and provide the details in this table.

		Ledger account			Accumulated deprecation			Book value
Date	Details	Debit	Credit	Balance	Debit	Credit	Balance
1/7/12	Purchase
30/6/13	Deprn
30/6/14	Deprn
30/6/15	Deprn
30/6/16	Trade in